What is Drive ElectronicsMarket?
Rapid growth in automobiles industries will help to boost global drive electronics market in the forecasted period. Drive electronics consist of two types such as motion controllers and speed controllers. Both controllers are used in various application including automobiles, chemicals and industrial. High adoption in online distribution channel will act as a key driver of the global drive electronics market in the forecasted time period.
Drive Electronics Market Report Coverage
Report Coverage | Details |
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Study Timeframe | 2018 to 2028 |
Base Year | 2022 |
High Growth Market | Asia- Pacific |
Largest Market | Europe |
Growth Drivers | - Growing Demand Due To Use in Various End-User Industries
- High Growth in Consumer Electronics Sectors
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Challenges & Pitfalls | - switching frequencies increase switching loss and drive loss begin to dominate device power loss
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Opportunities
Technological Innovation In Associated With Drive Electronics and Growing Automobile Industries
Restraints
- High Cost Associated with Drive Electronics
The Players Covered in the Study are:
MicroFab (United States), GE (United States), Baumüller (United Kingdom), Johnson Electric (Hong Kong), Rockwell Automation (United States), Schneider Electric (France), ABB (Switzerland), Siemens (Germany), Faulhaber (Germany) and Mitsubishi Electric (Japan)
Available Customization:
A list of players that can be included in the study on an immediate basis are MICROMO (United States) and Danfoss (Denmark).
Market Development Activities
In April 2018 TT Electronics plc announces that it has completed the acquisition of Stadium Group plc (“Stadium”). Stadium is a leading supplier of design-led technologies with product capabilities including connectivity solutions, power supplies, human machine interface (HMI) and electronic assemblies. Stadium designs and manufactures products for a wide range of applications including the smarter home, industrial robotics, medical equipment and aircraft cabin controls, working with significant customers in the industrial, aerospace and defence, medical and transportation sectors
In October 2023 The Global Electronics Council® (GEC) is thrilled to announce the listing of the first EPEAT® Climate+TM designated products. Climate+ is a new product designation meant to connect forward-thinking electronics brands with carbon-conscious purchasers. Climate+ designated products will empower organizations to drive change through a progressive set of criteria focused on increased transparency, goal setting and concrete corporate actions to decarbonize the supply chain.